Kraft Heinz shares drop as company to restate earnings back to 2016
Shares of Kraft Heinz Co. KHC, +1.24% dropped 1.8% in premarket trade Monday, after the branded foods company said it will restate the financial statements in its annual reports for 2016 and 2017, and for each quarterly period for the first nine months of 2018, as it continues to investigate "certain misstatements.
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Kraft Heinz to restate earnings for 2016 and 2017Kraft Heinz will restate its financial statements for 2016 and 2017, the company said in a filing with the Securities and Exchange Commission on Monday.
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Buffett says Kraft Heinz, auditor have disagreement: ‘There’s something going on’Warren Buffett said a dispute between Kraft Heinz and its auditor prevented Berkshire from reflecting the food company’s performance in its earnings report. 'There’s something going on,' he said.
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Executive turnover at Kraft Heinz continues as chief marketing officer departsKraft Heinz announced last month its long-time CEO Bernardo Hees is stepping down on June 30 and will be replaced by former Ab InBev CMO, Miguel Patricio.
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Berkshire swings to big profit; Buffett laments Kraft HeinzWarren Buffett's Berkshire Hathaway Inc on Saturday said gains in its stock...
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NFL notebook: Kraft ordered to appear at next court dateRobert Kraft, owner of the New England Patriots, was ordered to appear in West P...
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Judge orders Robert Kraft to appear in court; video thrown out in related prostitution caseRobert Kraft won’t escape making a court-appearance for his high-profile solicitation case.
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Florida court ruling in spa surveillance cases could help Robert KraftA Florida judge ruled that prosecutors can't use video surveillance in a handful of cases involving men accused of soliciting sex at a Florida day spa, a decision that could help Patriots owner Robert Kraft's efforts to suppress similar footage of him
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Judge piggybacks on order blocking release of surveillance videos in Robert Kraft caseA Florida judge all but ensured that surveillance videos will not be released any time soon in the criminal cases involving Robert Kraft or the owners of the day spa where he allegedly received sex acts.
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Warren Buffett says auditor hasn't approved Kraft Heinz's financials: 'There's something going on'Warren Buffett said Kraft Heinz is in dispute with its auditor, so Berkshire Hathaway hasn't gotten the food company's financials.
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Trump says Kim Jong Un 'does not want to break his promise' despite North Korea's latest launchesWarren Buffett said Kraft Heinz is in dispute with its auditor, so Berkshire Hathaway hasn't gotten the food company's financials.
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Masters of the Universe Eye 2020At MIGlobal feelings are generally warmer towards Trump than in previous years. But the president's trade and immigration policies still rankle a proudly globalist class. More in today's edition of Morning Money at the Milken Institute Global Conference
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